Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago on . Most recent reply

First Purchase - Home to Flip, or MFH to Owner-Occupy
As the title implies, which should I do first: Flip a home to sell or move into a MFH to owner occupy.
I've never owned a house before, but have plans to put my first flip deal under the LLC I just created. If I were to close on a flip first, how would that affect my plan to owner-occupy my first MFH and loan options? Would I then not qualify for any first time buyer programs that offer lower down payments? I am unsure because of the whole LLC vs personal residence thing.
Any feedback is much appreciated! Only even considering flipping first because I have a great team in place that I can trust!